stuart: and dow jones industrials average 56 higher. 13, 468 right now. mitt romney told voters his tax plan might not decrease tax bills as much as they might expect. is he backtracking and telling the truth? and joining us is former new york mayor rudy guiliani. if is he backtracking if they don't get the 20% tax rate cut and cut the deductions which these people get even more, is he backtracking? >> i think he's trying to put the emphasis on deficit reduction because many' probably, guessing, i haven't seen it, in the polling probably concerning people more than anything else. as long as people can feel, i'm not going to get a tax increase, might think he's producing about as much enthusiasm as optimism as he needs to produce to get our economy going. stuart: i'm reading between the lines, you don't care for that. >> i'm a big tax cutter, cut taxes 23 times as mayor, 3 billion. it worked for me. i cut the hotel tax, collected more from the lower tax than the higher tax, i'm convinced if you got rid of the sales tax in new york you'd see another 500,000